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Former Flipkart Staff Mobilise for Share in Proposed $2 Billion Share Buyback

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Former Flipkart Staff Mobilise for Share in Proposed $2 Billion Share Buyback

A group of former Flipkart executives has launched a campaign to mobilise up to 30,000 former staff across India. They are demanding inclusion in a proposed $2 billion share buyback.

The petition started on October 10. It targets parent company Walmart, which refused to guarantee immediate liquidity for vested options held by departed workers.

Organisers represent alumni from the core marketplace alongside group subsidiaries Myntra, Cleartrip, Shopsy, Super Money and ANS Commerce. They want Walmart to open the upcoming repurchase pool to former staff rather than restricting payouts to current employees.

This campaign sets out three operational demands for Walmart and Flipkart leadership before the $2 billion deal closes.

First, the group wants the exercise window for vested stock options extended until a liquidity event takes place. Second, ex-staff seek full participation rights in the buyback on identical terms to current workers, rejecting any nominal allocation. Third, the petition demands a formal corporate liaison to negotiate directly with an elected alumni committee.

Former employees frame the campaign as an invitation to commercial dialogue rather than a legal dispute. Early staff took pay cuts and career risks during Flipkart’s early growth. In exchange, they received equity that has remained illiquid for over a decade.

An earlier October 1 letter went directly to Walmart’s board from several former operating leaders. Signatories included Myntra cofounder Mukesh Bansal, former Flipkart group chief financial officer Sanjay Baweja and former chief business officer Ankit Nagori.

Those executives asked for an exit route for options granted between 10 and 15 years ago.


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